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Ferretti to be Sold
Lauren
Posted: Friday, December 16, 2011 9:05 PM
Joined: 01/05/2008
Posts: 51


The Financial Times reported this week that lenders to Ferretti SpA have agreed to sell the company to China’s Shandong Heavy Industry Group, a manufacturer of construction and agricultural machinery.

According to Bloomberg Businessweek, Shandong Heavy Industry will buy Ferretti for about €220 million, equating to 32 cents on the euro to be paid to existing lenders on the debt owed.

Ferretti will remain Italian in its production and style, and chairman Norberto Ferretti will continue to play a role in the company. The deal still has to be approved by an Italian court, which could take up to three months.

For more, read Malcolm MacLean's full report on Boat International.
Anonymous
Posted: Monday, May 14, 2012 7:47 AM
i'm working on a cl 124 ferreti custom line terrible yacht, major problemes, they are not capable to solve it out, and their detts is around 650M€
 
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